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* ADB, AIIB, WB to support Sri Lanka under a joint action plan to mitigate impact of the economic crisis
Sun, May 22, 2022, 10:42 am SL Time, ColomboPage News Desk, Sri Lanka.

May 22, Colombo: On May 19, the Secretary of Treasury convened the first Joint Coordination Meeting with the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB) and the World Bank (WB) under a joint action plan to support Sri Lanka’s response to the economic crisis.

All three institutions are adopting a coordinated approach to sustain basic services and livelihoods and to mitigate the impact of the economic crisis on the people of Sri Lanka, the global lenders said in a statement.

This includes access to essential items such as medicines, cash assistance, gas and fertilizer through the reallocation of resources from existing projects.

 

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